Which of the Following Firms Would Likely Pose the Least

question 55

Multiple Choice

Which of the following firms would likely pose the least competitive threat?

• A) A firm in the same industry and in the same strategic group
• B) A firm that produces substitute goods to your product line
• C) A competitor to your product where a high switching cost exists
• D) A firm in the same industry and in the nearest strategic group looking to join your group

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Definitions:

James-Lange Theory

A hypothesis positing that emotions arise due to physical responses to occurrences.

Two-Factor Theory

A theory in psychology that proposes that emotional experiences arise from a combination of a physiological response and a cognitive interpretation of that response.

Cognitive Activity

Any mental process that involves understanding, processing, and storing information, including perceiving, thinking, and memory.

Autonomic Nervous System

The part of the nervous system that controls involuntary body functions, such as heartbeat, digestion, and breathing.